Bank Iowa Provides SBA Loan to Buy Sarpino's Pizzeria Franchise

Borrowing money to buy a Sarpino's Pizzeria franchise? Bank Iowa has a history of making these loans and they are guaranteed by the SBA.

If you live near West Des Moines, Iowa and are interested in buying a Sarpino's Pizzeria franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2004 by Bank Iowa. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SARPINO'S PIZZERIA
WEST DES MOINES, IA 50266

SBA Loan Lender

BANK IOWA
420 8TH ST SE
ALTOONA, IA 50009

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

11/26/2004

Loan Approval Gross Amount

$104,000

Loan Approval from the SBA

Of the total $104,000 loan amount, the SBA guaranteed $88,400.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sarpino's Pizzeria franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $104,000 loan. Remember, feel the fear, and do it anyway.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Sarpinos Pizzeria International Inc.

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